Regional Manager - Kentucky and surrounding areas

Description

Principal Objectives of the Regional Manager

Principal Objective of Position: The Regional Manager (RM) is responsible for overseeing multifamily housing properties – both affordable and market-rate. The RM will ensure that each property meets or exceeds its financial performance targets, regulatory requirements and ownership objectives. Financial performance, regulatory requirements and attainment of ownership objectives will be achieved by ensuring that:

• Revenues are maximized.
• Expenses are carefully monitored and controlled.
• Properties are staffed optimally.
• Employees are properly trained.
• Properties meet lease-up goals and/or occupancy goals.
• Stakeholder satisfaction is a continual focus – owners, lenders, regulatory personnel (when applicable), employees, and residents.
• Assets are preserved and maintained to the highest standards.
• Regulatory compliance and adherence to all legal requirements is reinforced.

The Regional Manager will also be charged with the responsibility of assisting with building the multifamily housing portfolio through business development by identifying third party fee business from owners of multifamily housing in the geographic area for which the RM is responsible.

Requirements

Requirements for the Regional Manager

Training/Education/Other

• College degree or commensurate experience
• Valid driver’s license and reliable private transportation
• CPM® designation preferred
• Real estate broker license preferred

Experience/Skills

• Minimum of 5 years’ experience in multi-site management of at least 3,000 multifamily housing units and/or 8 to 16 multifamily projects with demonstrated ability to deliver financial results.
• Experience in budgeting, revenue enhancement and expense control.
• Strong track record of successful personnel management.
• Experience with identifying third-party fee business.
• Knowledge of the development/construction process and undertaking new lease-ups.
• Knowledge of the regulatory requirements for managing HUD-assisted, LIHTC and RD assets.
• Experience with Yardi property management software preferred.

Special Requirements

• Excellent oral and written communication skills
• Excellent organizational and time management skills
• Strong interpersonal and consensus-building skills
• Excellent training skills
• Proven analytical skills
• Excellent computer skills, with emphasis on the MS Word, Excel, PowerPoint
• Ability to travel overnight a minimum of 10 nights per month either by ground or by air.
• Ability to conduct property inspections as outlined.

Essential Functions

Property Performance

• Oversees the annual preparation of property budgets for review by deadlines established by owners or as outlined in management agreements.
• Oversees the preparation of monthly owner reports, including variance analysis and operations narrative.
• Ensures that property budgets are monitored closely to meet or exceed budgeted NOI.
• Monitors expenses prudently to achieve an optimum Operating Expense Ratio.
• Reviews property financial performance monthly with on-site Area Managers and Property Managers and addresses variances.
• Oversees the preparation of documentation for monthly financial reviews with ownership.
• Develops a mechanism for re-forecasting each property’s financial performance on a monthly basis.
• Monitors rent collection efforts, including accounts receivable, bad debt, evictions, and the timely approval of write-offs.
• Monitors purchasing and expense control through the periodic approval of invoices and review of property general ledgers.
• Ensures that special purchasing arrangements established for the properties are followed.
• Oversees and monitors the bid process for all contract work and looks for efficiencies and economies of scale.
• Works collaboratively with other Regional Managers to compare “best practices” and revenues/expenses per unit on other properties.
• Manages the process of passing through appropriate fees and utility payments to maximize NOI.
• Oversees all aspects of regulatory compliance, when applicable.

New Development and/or Property Acquisitions

• Works collaboratively with the development or acquisition teams to provide market intelligence, operational data and preliminary budgets on new projects.
• Provides input into pro-forma budgets and assists with due diligence ef